Cmkx Shareholders' Coalition For Justice Announces Plans To Commence Legal Action Against The Sec

Nov. 6, 2009 - PRLog -- Of interest to senators, members of congress, financial journalists, and securities attorneys, all of whom investigate and expose both the ineptness and corruptness of the Securities and Exchange Commission

THE CMKX SHAREHOLDERS' COALITION FOR JUSTICE ANNOUNCES PLANS TO COMMENCE LEGAL ACTION AGAINST THE SECURITIES AND EXCHANGE COMMISSION

CMKM Shareholders Urge Shareholders of Other Companies to Commence Similar Actions

LAS VEGAS, Nv. -- Nov. 6, 2009 -- The CMKX Shareholders' Coalition for Justice (CMKX) announces plans to file legal action against the Securities and Exchange Commission (SEC) for its ineptness in handling the previous CMKM management's pump and dump scam and for its corruptness in handling the illegal naked shorting of CMKM's stock, both of which cause Civil Action No. 2:08-cv-0437, 4-7-08, United States District Court, District of Nevada, and Grand Jury Superseding Indictment 2-09-CR-00132-RLH-RJJ, 5-27-09, United States District Court, District of Nevada, to be incomplete, inaccurate, and inadequate; furthermore, the FOIA Division of the SEC covers up the ineptness and corruptness of the Enforcement Division of the SEC by unjustly denying FOIA Requests submitted by CMKM shareholders.

The SEC's ineptness in handling CMKM's pump and dump scam is evidenced by, but not limited to, its failure to follow up on both the suspicious activities of a CMKM insider and CMKM's numerous suspicious Southern Nevada business transactions with Silver State Bank; its failure to investigate CMKM's twentyfold increase in volume in the sale of its stock; its ignoring the persistent reports of CMKM's suspicious activities.

The failure of the SEC to protect CMKM shareholders from CMKM's pump and dump scam mirrors the failure of the SEC to protect Madoff investors from Madoff's Ponzi scam.

The corruptness of the SEC is evidenced by, but not limited to, its possibly allowing two broker dealer customers of Jefferies and Company to illegally naked short 111 billion shares of CMKM stock; its possibly allowing a higher-up to influence the CMKM Task Force to disband before the illegal naked shorting of CMKM stock could be proved; its disregarding and suppressing the analysis of a naked short expert and the evidence of a NOBO list; its failing to account for 362 billion unregistered/restricted shares in civil action against the pump and dumper scammers because it can't account for those 362 billion CMKM shares without implicating the larger securities firms such as Knight Trading Group, Ameritrade, E-Trade, and Jeffries and Company; its failure to include D. Roger Glenn in its civil complaint because he was employed with the Enforcement Division of the SEC in the early 1980s; its failure to include Silver State Bank in its civil complaint because Andrew McCain, the son of John McCain, senator/presidential candidate, was on the Board of Directors of Silver State Bank.

CMKX mails a letter on 10-26-09 to the honorable Judge Larry Hicks, the judge in Civil Action No. 2:08-cv-0437, 4-7-08, United States District Court, District of Nevada, and respectfully submits that said civil action could be incomplete, inaccurate, and inadequate as delineated by the linked PAPER below.

Furthermore, CMKX respectfully requests that Judge Larry Hicks enters said PAPER as a COURT DOCUMENT in said civil action and
designate CMKX as an INTERESTED PARTY in said civil action.

http://www.cmkx.info/evidence.pdf

As Matt Taibbi so aptly points out in his Rolling Stone 10-15-09 article/expose' entitled, "Wall Street's Naked Swindle," "...the federal government's cop on the financial beat has barely lifted a finger..."

For more information about the damaging effects of illegal naked short selling, please review this segment from Bloomberg:

http://video.google.com/videoplay?docid=4490541725797746038#

CMKM shareholders demand an independent special prosecutor to investigate the abovementioned ineptness and corruptness of the SEC in general and each and every perpetrator in particular.

Furthermore, CMKM shareholders demand that the SEC in general
and each and every perpetrator in particular be held accountable for any and all malfeasance.

And last but not least, CMKM shareholders demand their just compensation.

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About CMKX Shareholders' Coalition for Justice, it is a coalition that exposes the Securities and Exchange Commission's ineptness in its handling of the previous CMKM management's pump and dump scam and its corruptness in its handling of the illegal naked shorting of CMKM's stock.

Furthermore, CMKM shareholders urge shareholders of other companies to commence similar actions.